FX Guys

Pound Australian Dollar Exchange Rate News: GBP/AUD Fluctuated amid UK Economic Optimism

April 17, 2023 – Written by John Cameron

Pound (GBP) Supported by Renewed Economic Optimism

The Pound (GBP) managed to find modest support despite a lack of major economic data. Providing some modest support to Sterling is renewed optimism over the economic outlook for the UK.

Deloitte released their quarterly poll of chief financial officers across the UK and found the strongest uptick in confidence since the vaccine rollout in 2020. With energy prices tumbling, Brexit woes easing with the Windsor Framework, and allaying issues with recruitment and supply…
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